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Search Results 0 to 10 of about 11 (some duplicates have been removed)
, and will be for the economy in 2013. finally, did you see this amusing story? u.s. government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's head to the pits. good morning, rick. >> good morning, melissa lee. well, no surprise we're still hovering in the 170s in the ten-year. but maybe something interesting. you know, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yield
sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose in 18 of the 20 largest cities. tonight, 88-year-old george h.w. bush remains in a hospital in houston where he's been since last month battling a bad cough. the former president now has a persistent fever. bob orr joins us now from washington with details. bob. >> reporter: good evening, jim. well, a spokesman for the bush family says that former president george h.w. bush is in "guarded condition," with
. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leased the meters to a private company for 75 years for the bargain price of more than $1 billion. back to you. >> so that's 50 bucks if you are there for 8 hours. what a bargain huh? [ laughter ] >> reporter: crazy. >> he is always doing the math. sound expensive. all right. erica ferrari, thanks so much. >> thank you. >>> toyota has reached a $1 billion settlement with hundreds of plaintiffs over acceleration problems in its
% that depend on government. >> reporter: pundits declared doom for the public contender. but the president didn't bring that up in the first debate, giving romney a convincing win. then a late october surprise from mother nature that put the campaign on hold. >> this morning, the perfect storm. >> reporter: and resulted in some strange political bedfellows. >> i want to thank the president personally. >> reporter: by the long of this long, nasty campaign, millions felt the same as this sobbing 4-year-old. >> i'm tired of both obama and mitt romney. >> reporter: on november 6, it was an historic win for president obama, who picked up every political battleground state. >> barack obama has been re-elected. >> reporter: there were tears in boston. >> i so wish i had been able to fulfill your hopes to lead the country in a different direction. >> reporter: and jubilation in chicago. as the president looked ahead to four more years. >> i return to the white house more determined and more inspired than ever. >> reporter: karen travers, abc news, washington. >> some iconic moments there. >> no matter
government tested toyota. they said it was floor mats or a sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot at a local mall gently riding the brake, she says -- take a listen. . >> the car lurched forward and hit the cement wall in front of us. >> she strained ligaments in her foot causing massive swelling. the dealer insisted she call the toyota contain lawyer. >> and you won't drive this again? >> i will not. >> toyota has never conceded that there was a problem. but drew found a document that is written in japanese and english translation that shows one instance what antwonic software problem was discovered. toyota says this has nothing to do with unintended acceleration. other experts disagree. drew griffin is here. first a big settlement earlier this month and now this. >> from the beginning the company maintained it doesn't have a problem. certainly nothing wrong with the electronic throttle control system. the company said it was three things. stuck gas pedals, stuck
, no progress whatsoever. and in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us running to february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. what do we really mean? >> reporter: everybody will see their taxes go up. here's three examples. you have a teacher with two kids making $43,000 a year. taxes will go up by $3,000. a member of congress, they make $174,000 a year. their taxes will go up just next year, $7,500. and lebron james, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minu
geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying, get off your couches, get back to washington, and get the deal done. >> sometime
to be the police chief accuses the government of carrying out massacres of innocent civilians and he says the military is nothing but armed gangs that kill. he says is he defecting to, quote, join the people's revolution. and the recovery in the housing market remains on pace. home prices rose 4.3% in october over last year, that is it the biggest percentage increase in more than two years. near record low mortgage rates and fewer foreclosures are helping spur sale which is in turn is boosting prices. and the world's longest high speed rail line is up and running and it's in, where else, china. the 1428 mile line spans more than half the country linking the capital of beijing to the southern chinese bloom city. trains will run at 186 miles per hour. >>> and civil rights icon nelson mandela has been discharged from a south africa hospital. 94-year-old former president will continue treatment at his home. he was hospitalized with a lung infection on december 8th. one week later, he had surgery to remove gallstones. i'm sure everyone's pleased to hear that he's doing well. >> thanks so much
department says it will start taking steps to postpone the government from hitting the $16.4 trillion debt limit the money the government can spend to finance its operations. >>> toyota will pay the biggest sum of money ever recorded for a car defect. the proposed $1 billion settlement will resolve a class action lawsuit for hundreds of toyota owners who claim unintended acceleration problems caused numerous crashes, injuries and even some deaths. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting on new year's day parking meters in downtown chicago will cost $6.50 an hour up from $5.75. the city leased the meters to a private company for 75 years for the bargain price of more than $1 billion. >> thank you, erica ferrari, cbsmoneywatch.com. >> i love san francisco even more now. you have to have a credit card. that's almost a roll of quarters. >> i just discovered parking cards. >>> if you are heading out doing any traveling on the roads this morning, so far actually things look pretty good outside. we have a nice quiet weather day shapin
Search Results 0 to 10 of about 11 (some duplicates have been removed)